Multiple Ledgers in SAP new GL

March 15, 2009 by mySAP
Filed under: General Ledger Module

One Leading ledger and multiple non-leading ledgers can be created in the client.

Leading Ledger represents the accounting policy and basic books of accounts of the company code
Local/Parallel currencies and fiscal year of the leading ledger are adopted from the company code
Leading ledger is the default ledger for all postings
The leading ledger is based on the same accounting principle as that of the consolidated financial statement. It is integrated with all subsidiary ledgers and is updated in all company codes (if posting is not ledger specific)

Creation of non-leading ledgers is optional
One or more non-leading ledgers may be created to:

• Maintain books of accounts for a fiscal year different from company’s code fiscal year
• Post reporting entries, revaluations, readjustments only to the non-leading ledger

Non-leading ledger can follow other the accounting principles/standards applicable for a company code
For each ledger that you create, a ledger group of the same name is automatically created